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CNH HIBOR One-Year Rate Hits Record Low of 1.65364% on May 29

GateNews
Forex
According to Jin10 on Friday, May 29, offshore CNH HIBOR (Chinese yuan Hong Kong interbank offered rate) one-year rate fell to 1.65364%, hitting a record low on record. Other key tenors also declined: one-week HIBOR dropped 10 basis points to 1.20182%, two-week HIBOR fell 9 basis points to 1.25000%, and overnight HIBOR declined 14 basis points to 1.00000%.
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